Forafric Global Balance Sheet Health
Financial Health criteria checks 1/6
Forafric Global has a total shareholder equity of $29.2M and total debt of $194.3M, which brings its debt-to-equity ratio to 665.3%. Its total assets and total liabilities are $309.5M and $280.2M respectively. Forafric Global's EBIT is $1.1M making its interest coverage ratio 0.1. It has cash and short-term investments of $24.0M.
Key information
665.3%
Debt to equity ratio
US$194.30m
Debt
| Interest coverage ratio | 0.08x |
| Cash | US$24.02m |
| Equity | US$29.21m |
| Total liabilities | US$280.24m |
| Total assets | US$309.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFRI's short term assets ($121.2M) do not cover its short term liabilities ($253.3M).
Long Term Liabilities: AFRI's short term assets ($121.2M) exceed its long term liabilities ($27.0M).
Debt to Equity History and Analysis
Debt Level: AFRI's net debt to equity ratio (583%) is considered high.
Reducing Debt: Insufficient data to determine if AFRI's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if AFRI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AFRI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.